St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-20
On the Chicago Board of Trade Wheat Was
Rather Dull With No New
Features.
Operators We're Chary About Doing Bust
ness and There Was No
Crop News.
THE Exports Were Light and the Re-
ceipts at Various Points
Were Small.
Transactions in the Financial Cir
cles of Wall Street. General
Quotations.
Special to the Globe.

CHICAGO, April 19.-The opening of the
market was not exactly as the pit would have
liked to have seen it. 1t was sort of uncer-
tain beginni ng that decided nothing and
cleared up the doubts of no one. May began
at S2Slc, dropped at once to S23sc, then ad-
vauced above S3c, but the clique brokers were
nowhere around. If they had been buyers
that might have settled something. If they
had been sellers that would have borne out
the general expectation. As it was, everybody
was disappointed. The opening signitied
nothing. AS the day advanced the wheat mar
ket, instead of going to pieces hrmed up.
The May option wheat tailed $3.50, advanced
to S3c, and part of the time was above
that figure. The clearances at the seaboard
were disappointing. No wheat went out Of
New York, none out of Baltimore and only
3.246 bushels out of Philadelphia. At De
troit the opening of navigation there started
out go, $50 bushels to-day, with 100000
bushels more to follow tomorrow. The prin-
cipal feature of the day, however. was the
strength of the May deal. Clique brokers did
not only appear to sell wheat, but while they
were out OF the pit the market took on q
strong phase of itself. Cables were easy but,
according TO New York dispatches, good
export business was doing there. Twenty
five boat loads were reported taken up to
O'Clock. In corn
THE PRICE Is SUFFERING
from the surrendering of the May longs. A
that this grain is now on a shipping basis.
The market has been hurt some by the late
opening of navigation, but another week
will pretty certainly See the feet moving out
of here with 1000, 900 bushels Of the Chicago
stock. If the receipts then continue as
small as they are now there might naturally
come an Improvement in price. Ribs and
lard were both weak under the pressure to
unload the long May contracts and to get
into further option. Long before the open
ing this morning there was a feeling abroad
in the Offices on the sidewalk and fairly in
the air, that this was to be day in
which a great many open questions
around the wheat pit were to be
decided. 1t was for instance generally be-
ieved before the opening this morning II
brokers for the clique were found in the pit
selling again to-day on any very liberal scale,
that the price would be pretty certain to col
lapse. This expectation CT something oc-
curing which should be decisive was not in
dulged in alone by the "bob tall operators.
Good substantial people looked at the pros
pect in the same way. They were also of the
opinion that before night it would be settled
whether the clique proposed to take the cash
wheat on May L. Everybody indeed thought
that the soundnesS of the whole much Wanted
May deal was to be tested.
THE ROUTINE REPORT.
CHICAGO, April 19.-The wheat market was
rather dull to-day, operators as rule chary
about trading. No new features were devel-
Oped. There was no crop news to affect
values, and interest centered very closely in
the probable moves of the ''bull' clique. The
export clearings were light, while the receipts
at twelve points were loco. The market
opened at $3.50 for May delivery. broke off to
S23sc, rallied to S314c and closed for the day
at the top figure. Corn was active and weak.
The speculative offerings were quite free
throughout both sessions, under which May
declined to $3.50 and closed at about bottom
figures. Oats were dull and easy, and closed
a shade lower. Mess pork was unchanged.
Lard was weak, and declined 15c per hundred
pounds under quite free offerings. Short
ribs cecliued 25@3Cc. and closed at the lowest
figures Of the day.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2. April, opened at S11sc, clos
ing at S1a4c; May, S25sc, closing at s314c;
June, Sic, closing at S11a@S159c; July, size,
closing at sl2ac. Corn-No. 2 april s7Ssc
@3s1ac; June, 1890, closing at 391se: July,
4la9c, closing at 4114c. Oats-No. 2, April,
2T1ac, closing at 271ac; May, 2S5sc, closing at
2S%c; June, 291sc, closing at 29@291sc; July,
2914c closing at 291sc. Mess pork, per barrel
April, S2O.65, closing at S20.65; May. SOFA,
closing at s2O.75; June. SPOTS. closing at
$2O.75. Lard, per 100 pounds-April, S7.25,
closing at S7.15; May, S7.271a, closing at
S7.171a; June, S7.3T1a, closing at S7.25; July.
S7.45, closing at $7.321a. Short ribs. per
May, $50, closing at ST S71a; June, $500, clos
ing at S7.971a; July, $3.50, closing at $S.071a.
Cash quotations were as follows: Flour dull
and unchanged. Wheat-No. 2 spring, S13sc;
No. spring, 75@T7c: No. red, Size. Corn
No. 2. 37ss@3734c. Oats-No. 2, 211a@2Sc.
Rye-No. 2, 561ac. Barley-No. 2, $4,000.
R. M. NEWPORT g. SON,
Investment Bankers, i52, 1853, i54 Drake Block,
Loan Money on Improved Real Estate Security. at
8. 6M, 7, Tx and 8 per cent.
On shortest notice for any amounts.
PETER BERKEY. Pres. F. W. ANDERSON, Cashier
CIV .GRIGGs, V.Pres- A. c. ANDERSON. Asst. c.
1nE ST. PAUL NATIONAL BANK
CAPITAL. $5OO.OO0
Corner Fifth and jackson stresta
Duluth Wheat.
Special to the Globe.
DULUTH, Mimi, April 1S,-Wheat was
weaker and more inactive to-day. Nav
opened at 7Sc, and sold off &c. June sold at
T9$4c, up to 79$40791sc, then down to 1880
1899, while July sold at Size, &c off yester-
days closing. Everything was of weaker ten
dency save export sales. Some twenty-five
loads were reported from New York shortly
before the l o'clock close. At Chicago there
was u very heavy market most of the day,
Half dozen houses were large sellers
Scalpers there were all at sea, and generally
became sellers. tits reported that the clique
houses are believed to have sold out some
time ago. If this turns out true still weaker
market may be looked for. Here the demand
was very light. Receipts here are beginning
to increase a little. Some operators report
advices Of shipments here for filling May
contracts. Cash wheat, No. hard, sold at
761ac. May opened at 7Sc, sold down to
771sc. and closed at 77$4c bid. June opened
at 1896 sold up to 7954@7sAc. declined and
closed at 1890. July sold at sls5@S114c.
Afternoon Board-The market was quiet
May sold at 775a@775ac, and closed at 78c.
June sold at 7959@79szc, and closed at 79slc.
July closed at size sellers. Chicago closed
at S314c for May and S11a@s15ac for June.
Cars on track this morning, ID; car receipts
for the week, 80.
MICHAEL DORIAN g. CO.
CONiAIISG1ON